SOURCE: Coastal Holdings, Inc.

August 23, 2007 08:30 ET

Coastal Holdings, Inc. (Canadian Blue Gold Inc.) Announces Opening of Branch Office in Orlando, Florida to Facilitate Integration Into US' Bottled Water Market

New Corporate Website to Be Released Next Week

HOUSTON, TX--(Marketwire - August 23, 2007) - Coastal Holdings, Inc. (PINKSHEETS: COHG) (in the process to change corporate name to Canadian Blue Gold Inc.) today announced that as part of its new operational plan it has opened a branch office at: 4767 New Broad Street, Suite 221, Baldwin Park, Orlando, FL 32814. This office will function as the Company's US Headquarters and facilitate its penetration of the US Bottled Water Market.

This decision was made by Canadian Blue Gold's recently appointed Board of Directors. It was based on the necessity of establishing a physical presence in the US in order to lead and manage the Company's entry into the national private label bottled water market, which is one of the largest and fastest growing in the world. Orlando, in particular, was chosen as the location of the HQ due to its stature as a major leisure/entertainment city and thus a highly desirable place to host clientele and business associates.

The Company also announced that it will be releasing its new corporate website next week.

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.

Contact Information

  • For further information please contact:
    Allain Barriere
    (514) 977-1271